By Anjan Roy I never tire of recalling what Joseph Schumpeter, one of the greatest economists and scholars, wrote in his monumental tome: The nearer we are to an epoch the less we understand. Our own we understand the least. It is too early to make an assessment of Russia’s Ukraine war and its implications […]
The post Russia’s Financial System Takes Big Hits On Eighth Day Of Ukraine War first appeared on IPA Newspack.
James M Dorsey Emiratis celebrated their decision not to condemn the Russian invasion of Ukraine in the United Nations Security Council as the end of an era in which the Gulf state took its foreign policy cues from the United States. However, the Emiratis may be celebrating prematurely. As the UAE took over from Russia this month as chairman of the Council, Abdulkhaleq Abdulla, a political scientist […]
Heidelberg Pharma grants Huadong exclusive license to develop and commercialize HDP-101 and HDP-103 in Asia[1] (excluding Japan), plus exclusive opt-in rights for two more pipeline candidates, with a total deal value of up to USD 930 million (EUR 825 million) Huadong will also participate in a rights issue and acquire a percentage of current shareholdings from existing shareholders including dievini[2], totaling EUR 105 million Huadong to become […]
By James M Dorsey It may be only a matter of time before Russian troops control the Ukrainian capital of Kyiv and topple President Volodymyr Zelenskyy. However, that may not be the end of the story. Russian President Vladimir Putin’s troops could find themselves in Ukraine for the long haul depending on whether Ukrainians have the stomach to launch an insurgency. If so, Mr. Putin knows the […]
Arabian Post Staff DP World Logistics announced that all conditions precedent regarding DP World’s offer to acquire a 100% stake in Imperial Logistics Limited including regulatory approvals, have been fulfilled. The transaction is now unconditional and will be implemented on 14 March 2022. “We are excited about concluding this transaction, which will be value-enhancing for our people, clients and principals, for our service offering across the markets […]
Commitment to SBTi accelerates the Group’s long-standing contribution to climate action, which has led to carbon emissions reduction in its Central Portfolio by 38% since 2008. HONG KONG SAR – Media OutReach – 25 February 2022 – Hongkong Land is proud to commit to the Science Based Targets initiative (“SBTi”) campaign to set emissions reductions and net-zero targets in line with climate science consistent with the Paris […]
Photo In 2021, the PGA switched up one of its longest-running branches. The PGA, which oversees the most popular and expansive professional golf leagues in the world for men and women, announced an update to its European Tour. After years of running a separate European Tour and Asian Tour, which saw multiple events held in the UAE, the PGA decided to establish a new branch of the […]
By 2026, 25% of people will spend at least one hour a day in the metaverse for work, shopping, education, social and/or entertainment, according to Gartner, Inc. “Vendors are already building ways for users to replicate their lives in digital worlds,” said Marty Resnick, research vice president at Gartner. “From attending virtual classrooms to buying digital land and constructing virtual homes, these activities are currently being conducted in […]
Over 623 million ransomware attacks globally, an astounding 105% increase Ransomware volume increased 232% since 2019 U.S., U.K. ransomware climbed staggering 98% and 227%, respectively Asia saw a 121.682% increase in ransomware attack YoY India saw an increase of 981% of ransomware attacks in 2021, while Japan saw a 63.55% increase of Malware attacks compared to 2021 Log4j vulnerability exploits eclipsed 142 million in six weeks 65% […]
By Suraj Tiwari The pandemic has shifted the travel process, and it’s brought the airport experience to the forefront. With travel restrictions easing globally, border control authorities are likely to spend more time scrutinising travellers’ records, given the added need to review health credentials and vaccination statuses. While biometric identity management systems have helped improve this situation to some extent by enabling officials at border gates to […]
Expanding the regional management team based in Singapore SINGAPORE – Media OutReach – 16 February 2022 – Workato, the leader in enterprise automation announced the appointment of four key senior positions, including June Lee as Vice President, Sales of Workato, Asia to bolster its leadership team as it expands its business across the region. From Left to Right: June Lee, Ankesh Sagar, Ken Ng, Koh Weng Him Lee joins Ankesh […]
By Adam Singolda Augmented reality metaverse will beat the virtual reality metaverse, everyone will eventually become an advertising company, remote work will increase diversity in tech and technology companies will learn to live without personal information about users. If 2020 was the year of uncertainty and social reckoning, 2021 was the beginning of change in its wake. New business opportunities were born from a massive migration online, […]
By James M Dorsey When Turkish finance minister Nureddin Nebati this week announced plans to encourage households to convert their gold holdings into Turkish liras in a bid to shore up Turkish central bank reserves, he was targeting people like Esra G. Ms. G., whose last name has been abbreviated to preserve her anonymity, has had a life-long troubled relationship with gold. When she was barely three years old, […]
Strong and consistent performance running for over a decade ESG recognition in line with company’s sustainable business growth ambitions HONG KONG SAR – Media OutReach – 11 February 2022 – Schneider Electric, the leader in the digital transformation of energy management and automation, has delivered yet another strong year of Environmental, Social and Governance (ESG) performance based on 2021 ratings from independent and renowned corporate sustainability experts. Schneider Electric uses […]
HONG KONG SAR – Media OutReach – 9 February 2022 – The Hong Kong – Asia Film Financing Forum has shortlisted 28 in-development projects for its 20th anniversary edition (HAF20), which will run online for the third consecutive year from 14 to 16 March in conjunction with the 26th Hong Kong FILMART. The projects, selected from 222 submissions from 38 countries and regions, include eight from Hong Kong, 12 debut features, […]
Atradius‘ latest economic report on the Middle East and North Africa (MENA) acknowledges the importance of the growth in oil prices for the energy-exporting economies of the region. However, it also notes the limits to growth presented by an underdeveloped private sector and the ongoing downside risks to the economic outlook caused by the pandemic. DUBAI, UAE – Media OutReach – 8 February 2022 – Rising oil prices are boosting economic […]
A virtual week discussing how organisations can optimise their ESG performance. HONG KONG SAR – Media OutReach – 7 February 2022 – Online and in-person, February 14th-17th 2022 – Policymakers, businesses and thought leaders from major corporations will congregate online and at exclusive in-person sessions at Economist Impact’s Sustainability Week Asia from February 14th to 17th 2022. Asia is experiencing a surprisingly strong economic rebound following the global pandemic but […]
By James M Dorsey Israeli Prime Minister Naftali Bennett has laid out an expanded Israeli strategy to confront Iran that appears to move beyond a potential military strike against the Islamic republic’s nuclear facilities. Bennett appeared to be guided not only by concern about the fallout of a unilateral Israeli action but also seemingly mounting fears in Tehran that economic hardship could spark a social explosion. “Bennett’s new approach […]
By James M. Dorsey Iran recently scored not one but two soccer successes. Fans celebrated after the country’s national team qualified for the third consecutive time for the World Cup after beating Iraq 1:0 last week. It wasn’t just men celebrating. It was men and women mingling freely in a Tehran square. That was after men and women, albeit segregated, egged on their team in Tehran’s Azadi or Freedom Stadium. Although […]
HONG KONG SAR – Media OutReach – 27 January 2022 – Facing a fifth wave of Covid-19, Hong Kong’s near-term economic outlook is increasingly uncertain, according to one of the world’s largest professional accounting organisations. To boost confidence and protect recent economic gains, CPA Australia recommends the government offer an enhanced version of the electronic consumption voucher in the upcoming budget. CPA Australia estimates the Hong Kong SAR Government will […]
Detections increased 42% YoY as malicious actors stepped up their attacks HONG KONG SAR – Media OutReach – 25 January 2022 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), announced today that its industry-leading threat intelligence infrastructure, Smart Protection Network™ (SPN), stopped 94.2 billion* cyber-threats heading for consumer, government and business customers in 2021. The volume of detections represents a 42% increase on the number of detections recorded in 2020. It […]
GLP Vietnam Development Partners I is set to be one of SEA’s largest logistics development funds GLP entered the Vietnam market in 2020 through a strategic joint venture with SLP SINGAPORE AND HO CHI MINH CITY – Media OutReach – 21 January 2022 – GLP announced today the establishment of GLP Vietnam Development Partners I (“GLP VDP I”) with an investment capacity of $1.1 billion. The fund has received […]
By James M Dorsey Russian civilisationalism is proving handy as President Vladimir Putin seeks to expand the imaginary boundaries of his Russian World, whose frontiers are defined by Russian speakers and adherents to Russian culture rather than international law and/or ethnicity. Mr. Putin’s disruptive and expansive nationalist ideology has underpinned his aggressive approach to Ukraine since 2014 with the annexation of Crimea and the stoking of insurgencies […]
SEOUL, SOUTH KOREA – Media OutReach – 17 January 2022 – DHL Global Forwarding, the freight specialist arm of Deutsche Post DHL Group, has been tasked to bring in the newly approved Covid-19 antiviral pills to South Korea to bolster its fight against the pandemic. The logistics Group has been heavily involved in the transportation of Covid-19 vaccines worldwide, shipping well over 1.8 billion shipments of vaccines across […]
